We’ve all witnessed it before: a house lingering on the market for far too long, For Sale sign rotting on the front lawn for months on end. While this is the case in certain areas of the country, other regions experience the opposite problem. Competition is high and homes fly off the market within days. As would-be new home buyers search for their dream home, they have to act quickly or risk losing a major opportunity.
Using data from Realtor.com, 24/7 Wall St. identified America’s 30 hottest housing markets. Metro areas are ranked by their Market Hotness Index score, a proprietary measure from Realtor.com that takes into account how long homes are on the market and several measures of supply and demand dynamics. All data is for December 2023. When two metro areas have the same index score, the city where the median list price has climbed more in the last year ranks higher.
Why Are We Writing About the US Housing Market?
An increase in housing demand and home prices impacts economic growth through spending on construction, notably having a major impact on employment numbers. Economists often look to the number of new home builds to determine American household wealth and sensitivity to interest rate changes. If you’re currently looking for a new home, keeping an eye on the hottest housing markets can aid your search.
These are the hottest housing markets in America:
30. Youngstown-Warren, OH-PA
- Hotness Index Score (December 2023): 82.72 out of 100
- Days Spent on the Market: 52
- Median Listing Price: $164,500
- Year-Over-Year Change in Median Days on Market: -10.3%
- Year-Over-Year Change in Median List Price: +10.0%
29. Johnson City, TN
- Hotness Index Score (December 2023): 85.23 out of 100
- Days Spent on the Market: 54
- Median Listing Price: $369,650
- Year-Over-Year Change in Median Days on Market: -7.8%
- Year-Over-Year Change in Median List Price: -2.7%
28. Allentown-Bethlehem, PA-NJ
- Hotness Index Score (December 2023): 85.23 out of 100
- Days Spent on the Market: 50
- Median Listing Price: $369,450
- Year-Over-Year Change in Median Days on Market: -16.1%
- Year-Over-Year Change in Median List Price: +1.2%
27. New Haven-Milford, CT
- Hotness Index Score (December 2023): 85.23 out of 100
- Days Spent on the Market: 53
- Median Listing Price: $399,000
- Year-Over-Year Change in Median Days on Market: +0.0%
- Year-Over-Year Change in Median List Price: +14.0%
26. Toledo, OH
- Hotness Index Score (December 2023): 85.40 out of 100
- Days Spent on the Market: 48
- Median Listing Price: $174,900
- Year-Over-Year Change in Median Days on Market: -5.9%
- Year-Over-Year Change in Median List Price: +16.7%
25. Springfield, IL
- Hotness Index Score (December 2023): 85.91 out of 100
- Days Spent on the Market: 49
- Median Listing Price: $168,950
- Year-Over-Year Change in Median Days on Market: +8.9%
- Year-Over-Year Change in Median List Price: +2.4%
24. Concord, NH
- Hotness Index Score (December 2023): 86.41 out of 100
- Days Spent on the Market: 54
- Median Listing Price: $574,950
- Year-Over-Year Change in Median Days on Market: -0.9%
- Year-Over-Year Change in Median List Price: +15.0%
23. Cincinnati, OH-KY-IN
- Hotness Index Score (December 2023): 86.74 out of 100
- Days Spent on the Market: 44
- Median Listing Price: $335,123
- Year-Over-Year Change in Median Days on Market: -13.7%
- Year-Over-Year Change in Median List Price: +3.1%
22. Reading, PA
- Hotness Index Score (December 2023): 87.25 out of 100
- Days Spent on the Market: 45
- Median Listing Price: $316,750
- Year-Over-Year Change in Median Days on Market: -21.9%
- Year-Over-Year Change in Median List Price: +15.2%
21. Lafayette-West Lafayette, IN
- Hotness Index Score (December 2023): 87.58 out of 100
- Days Spent on the Market: 45
- Median Listing Price: $309,500
- Year-Over-Year Change in Median Days on Market: -12.6%
- Year-Over-Year Change in Median List Price: -1.7%
20. Norwich-New London, CT
- Hotness Index Score (December 2023): 87.58 out of 100
- Days Spent on the Market: 52
- Median Listing Price: $449,900
- Year-Over-Year Change in Median Days on Market: -16.8%
- Year-Over-Year Change in Median List Price: +3.4%
19. Wausau, WI
- Hotness Index Score (December 2023): 87.75 out of 100
- Days Spent on the Market: 51
- Median Listing Price: $316,950
- Year-Over-Year Change in Median Days on Market: -28.2%
- Year-Over-Year Change in Median List Price: +5.7%
18. Trenton, NJ
- Hotness Index Score (December 2023): 87.75 out of 100
- Days Spent on the Market: 46
- Median Listing Price: $380,000
- Year-Over-Year Change in Median Days on Market: -28.1%
- Year-Over-Year Change in Median List Price: +6.4%
17. Milwaukee-Waukesha, WI
- Hotness Index Score (December 2023): 88.09 out of 100
- Days Spent on the Market: 44
- Median Listing Price: $335,000
- Year-Over-Year Change in Median Days on Market: -4.4%
- Year-Over-Year Change in Median List Price: -0.9%
16. Topeka, KS
- Hotness Index Score (December 2023): 88.26 out of 100
- Days Spent on the Market: 47
- Median Listing Price: $226,950
- Year-Over-Year Change in Median Days on Market: +9.3%
- Year-Over-Year Change in Median List Price: -0.2%
15. Peoria, IL
- Hotness Index Score (December 2023): 88.42 out of 100
- Days Spent on the Market: 48
- Median Listing Price: $149,900
- Year-Over-Year Change in Median Days on Market: -12.0%
- Year-Over-Year Change in Median List Price: +7.2%
14. Canton-Massillon, OH
- Hotness Index Score (December 2023): 88.42 out of 100
- Days Spent on the Market: 44
- Median Listing Price: $230,000
- Year-Over-Year Change in Median Days on Market: -6.4%
- Year-Over-Year Change in Median List Price: +21.1%
13. Racine, WI
- Hotness Index Score (December 2023): 89.09 out of 100
- Days Spent on the Market: 46
- Median Listing Price: $334,000
- Year-Over-Year Change in Median Days on Market: -10.8%
- Year-Over-Year Change in Median List Price: +11.4%
12. Columbus, OH
- Hotness Index Score (December 2023): 91.11 out of 100
- Days Spent on the Market: 49
- Median Listing Price: $359,900
- Year-Over-Year Change in Median Days on Market: -2.0%
- Year-Over-Year Change in Median List Price: +9.1%
11. Monroe, MI
- Hotness Index Score (December 2023): 91.28 out of 100
- Days Spent on the Market: 46
- Median Listing Price: $239,900
- Year-Over-Year Change in Median Days on Market: -15.6%
- Year-Over-Year Change in Median List Price: +2.2%
10. Providence-Warwick, RI-MA
- Hotness Index Score (December 2023): 92.62 out of 100
- Days Spent on the Market: 45
- Median Listing Price: $499,900
- Year-Over-Year Change in Median Days on Market: +0.0%
- Year-Over-Year Change in Median List Price: +5.2%
9. Lancaster, PA
- Hotness Index Score (December 2023): 93.29 out of 100
- Days Spent on the Market: 42
- Median Listing Price: $411,157
- Year-Over-Year Change in Median Days on Market: -16.0%
- Year-Over-Year Change in Median List Price: +4.1%
8. Oshkosh-Neenah, WI
- Hotness Index Score (December 2023): 94.13 out of 100
- Days Spent on the Market: 48
- Median Listing Price: $294,900
- Year-Over-Year Change in Median Days on Market: -5.0%
- Year-Over-Year Change in Median List Price: +5.4%
7. Akron, OH
- Hotness Index Score (December 2023): 94.46 out of 100
- Days Spent on the Market: 44
- Median Listing Price: $214,995
- Year-Over-Year Change in Median Days on Market: -10.2%
- Year-Over-Year Change in Median List Price: +19.4%
6. Worcester, MA-CT
- Hotness Index Score (December 2023): 96.14 out of 100
- Days Spent on the Market: 44
- Median Listing Price: $479,950
- Year-Over-Year Change in Median Days on Market: -15.4%
- Year-Over-Year Change in Median List Price: +7.7%
5. Hartford-West Hartford, CT
- Hotness Index Score (December 2023): 96.81 out of 100
- Days Spent on the Market: 45
- Median Listing Price: $389,900
- Year-Over-Year Change in Median Days on Market: -18.2%
- Year-Over-Year Change in Median List Price: +6.8%
4. Rockford, IL
- Hotness Index Score (December 2023): 98.15 out of 100
- Days Spent on the Market: 40
- Median Listing Price: $199,900
- Year-Over-Year Change in Median Days on Market: -23.1%
- Year-Over-Year Change in Median List Price: +17.7%
3. Manchester-Nashua, NH
- Hotness Index Score (December 2023): 98.66 out of 100
- Days Spent on the Market: 43
- Median Listing Price: $549,900
- Year-Over-Year Change in Median Days on Market: +0.0%
- Year-Over-Year Change in Median List Price: +10.2%
2. Springfield, MA
- Hotness Index Score (December 2023): 98.99 out of 100
- Days Spent on the Market: 38
- Median Listing Price: $316,950
- Year-Over-Year Change in Median Days on Market: -13.6%
- Year-Over-Year Change in Median List Price: +5.7%
1. Rochester, NY
- Hotness Index Score (December 2023): 98.99 out of 100
- Days Spent on the Market: 35
- Median Listing Price: $249,900
- Year-Over-Year Change in Median Days on Market: -7.9%
- Year-Over-Year Change in Median List Price: +8.7%
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